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UT Tyler Division of Economics

Economics Courses

ECON 1301: Introduction to Economics [TCCN: ECON 1301]

A non-technical introduction to the economic way of thinking. Economic concepts are
developed and applied to decisions faced by consumers, workers, firms, and government.
Will not satisfy economics requirements for a major in the School of Business Administration.
May not be taken for credit by economics majors or minors.

ECON 2301: Principles of Economics I [TCCN: ECON 2301]

Scope and methodology of macroeconomics. Structure and functioning of the American
economy. Develops principles useful in understanding the origin and nature of recession
and inflation. Reviews monetary and fiscal policy tools for economic stabilization.

ECON 2302: Principles of Economics II [TCCN: ECON 2302]

Scope and methodology of microeconomics. Economic principles to describe consumer
and business behavior and the processes of price determination and resource allocation.
Application of economic tools to select problems in competition, international trade
and taxation.

ECON 3305: Comparative Economic Systems

A survey of historical and contemporary methods of organizing a society's economic
activity. The basic nature and ideology of capitalism and socialism are examined through
case studies. Special attention is given to the current U.S., Russian, Chinese, and
Japanese economies. Also recommended for majors in political science, sociology, history
and other non-business fields. Students may not receive credit for both ECON 2305
and 3305.

ECON 3310: Economic Issues In Public Policy

The economic aspects of policy issues involving immigration, energy, budget deficits,
free trade and defense are examined. The economic aspects of each are identified and
policy options are evaluated.

ECON 3311: Money, Banking and the Federal Reserve System

Introduction to the role of money in a market economy with special attention given
to the commercial banking system and its relation to the Federal Reserve System. Prerequisites:
ECON 2301 and ECON 2302.

ECON 3314: Intermediate Microeconomic Analysis

Examines the mechanics of price determination in different competitive environments
as well as the impact of government policies involving subsidies, quotas, price ceilings
and taxation. The implications of economic concentration and the application of anti-trust
laws to preserve competition are also reviewed. Prerequisites: ECON 2301 and ECON
2302

ECON 3317: Intermediate Macroeconomic Analysis

A study of the basic elements of Keynesian economics and its implications for understanding
and directing the national economy. Economic policy debates over the nature of inflation,
growth, unemployment and international trade are explored with special attention being
given to monetarism supply-side and rational expectations ideas. Prerequisites: ECON
2301 and ECON 2302.

ECON 4310: Central Banking and Monetary Policy

Study of the Federal Reserve System from its inception to present. Topics include
Federal Reserve history, organization and operation, monetary theory and policy, and
the relationship between money and economic activity. Prerequisites: ECON 2301 and
ECON 2302.

ECON 4320: Managerial Economics

Analytical approach to business decision-making. Primary attention is given to economic
decision models and their application to business problems. Prerequisites: ECON 2301
and ECON 2302. Recommended: six hours of math and three hours of statistics.

ECON 4330: International Trade

A review of the rationale for trade between nations, the nature of trade balances,
barriers, methods for resolving trade deficits, foreign exchange markets and international
debt. Prerequisites: ECON 2301 and ECON 2302.

ECON 4340: Economics of Growth and Development

Strategies and policies for encouraging economic growth and development with special
emphasis on the role of indigenous institutions. The status of less developed nations
and the nature of the development process are reviewed.

ECON 4350: Topics in Economics

The study of a current national or international economic issue. May be repeated once
for credit when topic changes. Prerequisite: six hours of principles of economics.

Independent study in specific areas of economics not covered by organized undergraduate
courses. A maximum of six credit hours for independent study may be applied toward
an undergraduate degree. Prerequisite: Consent of department chair.